Darul Iftaa Mahmudiyyah

Is it Halal for me as a Muslim to sell my security product to a bank and finances companies?

· 21 Rabiʻ II 1433 AH1 min readFatwa 19850English

Question

My friend and I have discovered a new sensor technology for perverting theft which costs very less and which is safer when compared to the present technology in the market. It is getting good demand also, but the problem is that it is mainly the finance companies and banks who will be using this technology in order to prevent theft in their institutions. So, I would like to know if it is Halal for me as a Muslim to sell my products? As the main market for this would be these finance companies and banks. Please help me.

Answer

In the Name of Allah, the Most Gracious, the Most Merciful.

As-salāmu ‘alaykumwa-rahmatullāhiwa-barakātuh.

It is Halal for you to sell your products to the finance companies and banks.

And Allah Ta’āla Knows Best

Mufti Hussein Issa,

Mozambique

Checked and Approved by,

Mufti Ebrahim Desai.

Answered by
Mufti Hussein Issa
Checked & approved by
Mufti Ebrahim Desai
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Source: Darul Iftaa Mahmudiyyah — https://askimam.org/public/question_detail/19850
Fatawa SA: https://fatawa.co.za/fatwa/askimam-19850

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